PZ Cormay S.A. (WSE:CRM) announced a private placement of series K shares on September 29, 2015. Returning investor TOTAL Fundusz Inwestycyjny Zamkniety, a fund managed by Ipopema Towarzystwo Funduszy Inwestycyjnych S.A. acquired 6.6% direct and indirect stake in the company to hold 22.96% stake. Investor exercised its pre-emptive right to subscribe shares of the company.